Rio Tinto increases Q3 iron ore production to 84.5M tonnes, warns of inflationary pressures.

Rio Tinto reported a slight increase in Q3 iron ore production from its Pilbara operations, shipping 84.5 million tonnes, up from 83.9 million last year. Despite this rise, the company warned of inflationary pressures that could affect costs and long-term profitability. Additionally, Rio Tinto is reviewing its product strategy due to higher shipments of low-grade iron ore, raising concerns among analysts about future iron ore prices.

October 16, 2024
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